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Author Topic: Bitcoin Generation in high latency environments, like space.  (Read 1565 times)
da2ce7
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December 21, 2010, 12:26:57 PM
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When we have a (paid for with private investments of bitcoins) settlement on mars.. The average time for commutation between the two planets is 20 minutes.

How can our mars friends generate if they will be too late?
What is the most logical solution?

One off NP-Hard.
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December 21, 2010, 12:50:38 PM
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New chain for Mars. Have some exchange, exchange between the currencies and handle the lag.
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December 21, 2010, 06:37:55 PM
 #3

When we have a (paid for with private investments of bitcoins) settlement on mars.. The average time for commutation between the two planets is 20 minutes.

How can our mars friends generate if they will be too late?
What is the most logical solution?

Well hmmm...

Subspace antennas ? ;P

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December 21, 2010, 06:57:41 PM
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Run a really long ethernet cable between the two planets.

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December 21, 2010, 08:06:27 PM
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Run a really long ethernet cable between the two planets.

Electricity is also limited to the speed of light.

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December 21, 2010, 09:04:19 PM
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Run a really long ethernet cable between the two planets.

Electricity is also limited to the speed of light.

Not to mention that Ethernet is limited to 295 feet.

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December 21, 2010, 09:14:05 PM
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Not to mention that Ethernet is limited to 295 feet.

Depends on which physical layer you're using. Ethernet can reach tens of kilometres over single-mode fiber.

Looking forward to quantum computing so we can have qubitcoins.
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December 21, 2010, 09:26:35 PM
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Not to mention that Ethernet is limited to 295 feet.

Depends on which physical layer you're using. Ethernet can reach tens of kilometres over single-mode fiber.

Did we land on Mars already, or this is a purely theoretical discussion ? Tongue

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December 21, 2010, 09:46:07 PM
 #9

Probably a space elevator. There could be a giant ass antenna built into the carbon nanotube fibres. Or more likely Mars will have its own blockchain and currency exchange will handle trade.

If you want  good book series about a Mars colony I recommend the mars trilogy by Kim Stanley Robinson
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December 21, 2010, 10:09:00 PM
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Unless there are processor manufacturers on Mars it won't make any sense to generate there anyway. Any chip sent up for generating ought have just been left home to generate. And transactions will be no problem.

edit: this is probably bad analysis, might depend more on the power situation or other things.

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December 21, 2010, 11:00:45 PM
 #11

Run a really long ethernet cable between the two planets.

Electricity is also limited to the speed of light.
actually the speed of electrones in electricity  is ~ 2/3 speed of light.

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December 21, 2010, 11:15:32 PM
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actually the speed of electrones in electricity  is ~ 2/3 speed of light.

To be precise, the drift speed of electrons in wires is very slow. It is the speed of electromagnetic waves in the insulating medium that matters, and that is about 2/3 of the speed of light.

A common analogy is a garden hose full of water. When you add a little water at one end, some water comes out at the other end almost immediately. The individual water molecules need not traverse the entire distance. (A particularly nice analogy, because the speed of the effect is likewise determined by electromagnetic waves.)

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December 22, 2010, 01:50:28 AM
 #13

On mars they could start a new block chain, but instead of 'generation' of new currency, The only way to get Marscoins is to conduct a valid transfer of bitcoins to a mars coin address.

One can either have Bitcoins or Marscoins. But it takes 100blocks to transfer between.  Grin 

One off NP-Hard.
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